SharkNinja (NYSE:SN) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of SharkNinja (NYSE:SN) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued a buy rating and a $76.00 price objective on the stock.

Several other analysts have also issued reports on SN. The Goldman Sachs Group upped their target price on SharkNinja from $52.00 to $59.00 and gave the stock an action list buy rating in a research note on Friday, February 16th. Guggenheim initiated coverage on shares of SharkNinja in a research note on Monday, February 5th. They set a buy rating and a $60.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of SharkNinja in a research note on Thursday, April 4th. They set an overweight rating and a $70.00 price objective for the company. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $68.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. Finally, Morgan Stanley initiated coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They set an equal weight rating and a $54.00 price objective for the company. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of Buy and a consensus target price of 65.00.

SharkNinja Stock Up 0.8 %

Shares of SN opened at 61.76 on Monday. The firm has a market cap of $8.59 billion and a P/E ratio of 15.84. The stock has a 50 day simple moving average of 57.09 and a two-hundred day simple moving average of 50.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. SharkNinja has a 1 year low of 25.84 and a 1 year high of 65.61.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.86 by 0.08. The business had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. SharkNinja’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, analysts forecast that SharkNinja will post 3.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently modified their holdings of SN. HighTower Advisors LLC purchased a new position in shares of SharkNinja during the third quarter valued at about $229,844,000. FMR LLC purchased a new position in shares of SharkNinja during the third quarter valued at about $99,595,000. Parsifal Capital Management LP increased its position in shares of SharkNinja by 57.9% during the fourth quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after buying an additional 1,163,185 shares during the period. Wolf Hill Capital Management LP increased its position in shares of SharkNinja by 349.8% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock valued at $69,047,000 after buying an additional 1,049,369 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in SharkNinja in the fourth quarter worth about $47,811,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.